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  • Sanlam: Model Triggers Overbought - Thursday, 29 August 2024

    Real-Time: 15h45 Ticker: SLM Update: Now Overbought - See The Tactical Trading Guide (live reading). Real-Time: 11h47 Sanlam approaching previous swing highs (new buy/long, caution) + has entered an overbought range. Most Recent Communication was to re-accumulate on a pullback into the rising 21-week EMA at R75. Now trading at R85. Lester Davids Analyst: Unum Capital

  • MTN Group: Pullback & Price Action, In Line - Thursday, 29 August 2024

    Real-Time: 14h58 Ticker: MTN This current short term pullback is in line with my model reading at the beginning of this week which stated that the following: As of 3pm today, the chart is as follows: (Provisionally, the 21-day EMA is my next level of interest). Lester Davids Analyst: Unum Capital

  • Richemont: 5-Day Pullback Off Tactical Trigger - Thursday, 29 August 2024

    Real-Time: 13h35 Ticker: CFR Previous Post: Thursday, 22 August • REAL-TIME: 15h30 ABOUT THE TACTICAL TRADING GUIDE: Technology + Proprietary Insights has helped to develop automated tools and strategies that   are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which   is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument across 3 time frames : short (short term), medium (medium term) and long (long term). Readings are subject to change , based on the development of the subsequent price action. The tool helps to determine and shed light on the some of the following: Whether the reward-to-risk is attractive for a buy/long position? Whether a share is weak or if aggressive buying is underway Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias Lester Davids Analyst: Unum Capital

  • Naspers: Next Provisional Re-Accumulation Range - Thursday, 29 August 2024

    Real-Time: 12h57 Ticker: NPN Previous Post (15 August 2024) On Tuesday evening, the Tactical Trading Guide warned traders not to chase/buy, but instead look for an overshoot with a tactical short/sell back to the 8-day EMA. The level between R3555 and R3580 is approximately where the 8, 21-EMA is situated. A re-test of this range could offer a buy/long re-entry for short term traders. (Monitor the Tencent price action for clues). Note: this is also the previous breakout level. Previous Post (Wednesday, 14 August 2024) Real-Time: 11h03 +12% Gain Off Tactical Trigger Previous Post The buy trigger on end of day Monday 01 July (also highlighted in real-time on telegram) saw a healthy short term bullish reversal with the price advancing by R161 or +4.6% to yesterday's high. Note yesterday's high was the declining 21-day exponential moving average which has always been a level into which short term traders look to reduce into. The price continues to trade around it's 8-day EMA, which has started to lose downside momentum and which has previously acted a resistance on the recent downward trend. Broadly, the candle structure remains mixed, with a slightly bearish bias. I will continue to seek tradeable opportunities should the model or manual review indicate. Note: The share has unwound significantly from my sell/reduce view on 14 May (peaked two days later) and now trades within the initial accumulation range. The timestamped chart is shown below: Lester Davids Analyst: Unum Capital

  • Price Action Analysis: FSR, EXX, GRT - Thursday, 29 August 2024

    Pre-Market FSR EXX GRT ABOUT THE TACTICAL TRADING GUIDE: Technology + Proprietary Insights has helped to develop automated tools and strategies that   are used to identify potential trading opportunities as well as highlight potentially significant technical developments across various time frames. This page highlights readings from our Tactical Trading Guide (Price Action Tool) which   is also available as a live tool via the telegram group. The tool provides automated price analysis for any tradeable instrument across 3 time frames : short (short term), medium (medium term) and long (long term). Readings are subject to change , based on the development of the subsequent price action. The tool helps to determine and shed light on the some of the following: Whether the reward-to-risk is attractive for a buy/long position? Whether a share is weak or if aggressive buying is underway Whether a trader can look to buy a pullback into a key moving average (continuation trade) Whether a share needs to break a range for a new trend to be determined (bullish or bearish) Whether a traders needs to monitor for a change of character that could lead to a bullish or bearish reversal Whether a share could start a consolidation phase Whether the upward momentum is slowing (if it's in a bullish phase) Whether buyers can look to 'phase in' to a position (if it's in a bearish phase) Whether a share lacks directional bias Lester Davids Analyst: Unum Capital

  • JSE Top 40 Index: Upward Momentum Slowing - Thursday, 29 August 2024

    Pre-Market My note last week Thursday highlighted the index entering an overbought range. On the same day, the index rally, then failed to hold it's highs and has since seen it's candle structure deteriorate, reflecting sellers starting to step up. The 77200-77300 has acted as a strong resistance zone, with yesterday (Wednesday's candle structure also reflecting a loss of upward momentum. As noted in the Monday's note, the 21-day EMA is a 'next level of interest' for short term buyers. Below is yesterday's end of day reading via the Tactical Trading Guide. Monday's pre-market slide is shown below. The price action aligns with the readings. (Previous Post: Thursday, 22 August) PRE-MARKET Lester Davids Analyst: Unum Capital

  • Short Term: Most Overbought & Most Oversold - Thursday, 29 August 2024

    HIGH BULLISH MOMENTUM / APPROACHING OVERBOUGHT / STRONGEST HIGH BEARISH MOMENTUM / APPROACHING OVERSOLD / WEAKEST Lester Davids Analyst: Unum Capital

  • Buyer/Seller Dominance - Thursday, 29 August 2024

    DOMINANT BUYING FROM OPEN TO CLOSE DOMINANT SELLING FROM OPEN TO CLOSE Lester Davids Analyst: Unum Capital

  • S&P 500 Index - Wednesday, 28 August 2024

    Real-Time: 21h20 / S/African Time / U.S. Trading Session Ticker: US500 Lester Davids Analyst: Unum Capital

  • The Setup For Adidas - Wednesday, 28 August 2024

    Real-Time: 15h02 S/African Time / (European Trading Session) Ticker: ADS Following it's recent earnings release, in which it increased it's full-year guidance, the technical price momentum re-emerging which may be a setup for a medium term swing traders. The post-earnings drop held the previous breakout level while the price has re-entered a short term bullish regime. For a patient traders, a break above $238 is confirmation of a breakout, while strong price action below the resistance level could be an early indicator of sustained strength. Lester Davids Analyst: Unum Capital

  • REUNERT (+34%): New Highs As Optimism Accelerates - Wednesday, 28 August 2024

    Real-Time: 14h47 Ticker: RLO Today the share reached a four and a half year high of 7775c on the back of continued buying interest in South African equities. The share is higher by 34% versus my buy idea published on Monday 24 July 2023. The setup, as discussed, on Monday, 24 July 2023 Lester Davids Analyst: Unum Capital

  • TECHNICAL SCREEN: 30% or More Above 200d - Wednesday, 28 August 2024

    Real-Time: 14H22 Tickers: CPI, MRP, TFG, PAN, WBO Represents shares that shares that are overextended to the upside. Lester Davids Analyst: Unum Capital

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